In this episode of the Contractors Profit Hack Show, Jeremy Lott from Foundation Accounting and Consulting continues discussing the four essential steps of the bidding process, focusing on determining costs. He shares a story from his scouting days to illustrate the importance of knowing costs ahead of time. Jeremy explains how to identify direct and indirect costs associated with each step of a project, such as materials, labor, and overheads. This insight helps ensure all costs are accounted for when preparing bids. Join us next time as we delve deeper into incorporating overheads in our pricing.
00:00 Introduction to the Contractors Profit Hack Show
00:39 Overview of the Bidding Process
00:51 Determining the Costs: Step Two
01:13 Scouting Story: Understanding Costs
06:20 Applying Cost Analysis to Bidding
09:26 Conclusion and Next Steps
